Connect with us
The Boring Company Las Vegas tunnel construction site The Boring Company Las Vegas tunnel construction site

News

Elon Musk is using Boring Company ‘bricks’ for its Las Vegas tunnel project

The Boring Company Las Vegas tunnel construction site. (Credit: LVCC)

Published

on

It appears that The Boring Company is employing more innovation than expected in its transport tunnel project in Las Vegas, NV. If videos of the ongoing construction site are any indication, it appears that the tunneling startup is also using Boring Bricks to build a structure near the end of the upcoming loop system’s transport tunnels.

A look at the livestream of the dig site shows that the Boring Company is building an enclosed space a few meters away from one of the transport tunnel’s stations. The structure is still being built, though it is evident that it is made up of lego-like bricks. The bricks are noticeably large too, with sections seemingly being laid by crane.

The Boring Company has not released any updates about its Las Vegas dig site as of late, though the position of the brick-laid structure and its distance from the upcoming loop station suggests that it may be a carport or sorts. This is just speculation for now, of course, though it is still impressive to see The Boring Company using its bricks in an actual project.

The Boring Company Las Vegas tunnel construction site
The Boring Company Las Vegas tunnel construction site. (Credit: LVCC)

The idea for The Boring Company’s “Boring Bricks” was initially suggested by Elon Musk almost two years ago. Musk fondly described the bricks as “merch” when he first mentioned them, though he already noted then that the blocks would be lego-like, interlocking units that are rated for California seismic loads. Images of the Boring Co’s Boring Bricks were shared during the tunneling startup’s information session later that year.

The Boring Bricks are a crucial part of the Boring Co’s efforts to make tunneling faster and more efficient. The bricks themselves are made from tunneling rock, which means that the startup’s tunnels will have very little waste. Musk even responded positively to the idea of Boring Bricks being used to construct affordable housing units, which should be possible considering that the Tesla and SpaceX CEO quoted a low price of just 10 cents per brick.

Yet despite these details about the Boring Bricks, including permits for an actual store, The Boring Company has been quite silent about its affordable ultra-tough bricks for some time now. That is, of course, until it became evident that the blocks are seemingly being used in the Las Vegas Convention Center loop system, which is currently having its second tunnel built.

Advertisement

From the images of the new Boring Bricks, it seems like the lego-like blocks have gone through some design changes over the years. While their interlocking feature is still present, the bricks themselves have gotten much larger. This should come with some benefits and challenges. For one, the bricks’ larger size would allow projects to be completed faster, but they would likely require more manpower or the use of heavy equipment.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

News

Tesla widens rollout of new Full Self-Driving suite to more owners

Tesla started rolling out Full Self-Driving v14 nearly two weeks ago, but it was a very controlled release that made its way to only a small group of owners who are part of the EAP.

Published

on

tesla autopilot
(Credit: Tesla)

Tesla is widening its rollout of the new Full Self-Driving suite to more owners, after it had been confined to those in the Early Access Program (EAP) for a couple of weeks.

Tesla started rolling out Full Self-Driving v14 nearly two weeks ago, but it was a very controlled release that made its way to only a small group of owners who are part of the EAP.

It seemed logical to keep things tight; v14 was Tesla’s first major FSD release in a year, and it featured a handful of new features, including a new, slower driving profile known as “Sloth,” and the ability to park in an area at the destination that was designated by the driver.

There were also other improvements, including parking garage navigation, yielding for emergency vehicles, better recognition and handling for road debris, and a more refined ride experience overall. So far, it has been the best FSD suite Tesla has rolled out, capable of more than any previous release.

However, it has only been available to that small group of EAP Tesla owners. Now, it appears Tesla is starting to roll out Full Self-Driving v14 to more owners for the first time with v14.1.2:

Tesla rolled out FSD v14.1.2 for the first time last night, introducing further refinements to the initial two v14 iterations that were made available to owners, as well as the new Mad Max Speed Profile, which offers higher speeds during travel and more lane changes.

Tesla launches ‘Mad Max’ Full Self-Driving Speed Profile, its fastest yet

The first reviews of the Mad Max Speed Profile have been raving with positivity. Owners praise its ability to handle congestion and heavy traffic, as well as its decisiveness and reduced hesitation, which other Profiles have been noted for in the past two v14 releases.

The expansion of the FSD suite, especially with this new version, will make so many owners happy, as the release has been slow, controlled, and exclusive. Now that it is making its way to more Tesla owners, we will see more refinements and features in the coming weeks.

Continue Reading

Investor's Corner

Barclays lifts Tesla price target ahead of Q3 earnings amid AI momentum

Analyst Dan Levy adjusted his price target for TSLA stock from $275 to $350, while maintaining an “Equal Weight” rating for the EV maker.

Published

on

Credit: Tesla China

Barclays has raised its price target for Tesla stock (NASDAQ: TSLA), with the firm’s analysts stating that the electric vehicle maker is approaching its Q3 earnings with two contrasting “stories.” 

Analyst Dan Levy adjusted his price target for TSLA stock from $275 to $350, while maintaining an “Equal Weight” rating for the EV maker.

Tesla’s AI and autonomy narrative

Levy told investors that Tesla’s “accelerating autonomous and AI narrative,” amplified by CEO Elon Musk’s proposed compensation package, is energizing market sentiment. The analyst stated that expectations for a Q3 earnings-per-share beat are supported by improved vehicle delivery volumes and stronger-than-expected gross margins, as noted in a TipRanks report.

Tesla has been increasingly positioning itself as an AI-driven company, with Elon Musk frequently emphasizing the long-term potential of its Full Self-Driving (FSD) software and products like Optimus, both of which are heavily driven by AI. The company’s AI focus has also drawn the support of key companies like Nvidia, one of the world’s largest companies today.

Still cautious on TSLA

Despite bullish AI sentiments, Barclays maintained its caution on Tesla’s underlying business metrics. Levy described the firm’s stance as “leaning neutral to slightly negative” heading into the Q3 earnings call, citing concerns about near-term fundamentals of the electric vehicle maker.

Advertisement

Barclays is not the only firm that has expressed its concerns about TSLA stock recently. As per previous reports, BNP Paribas Exane also shared an “Underperform” rating on the company due to its two biggest products, the Robotaxi and Optimus, still generating “zero sales today, yet inform ~75% of our ~$1.02 trillion price target.” BNP Paribas, however, also estimated that Tesla will have an estimated 525,000 active Robotaxis by 2030, 17 million cumulative Optimus robot deliveries by 2040, and more than 11 million FSD subscriptions by 2030.

Continue Reading

Investor's Corner

BNP Paribas Exane initiates Tesla coverage with “Underperform” rating

The firm’s projections for Tesla still include an estimated 525,000 active Robotaxis by 2030.

Published

on

Credit: Tesla China

Tesla (NASDAQ: TSLA) has received a bearish call from BNP Paribas Exane, which initiated coverage on the stock with an Underperform rating and a $307 price target, about 30% below current levels. 

The firm’s analysts argued that Tesla’s valuation is driven heavily by artificial intelligence ventures such as the Robotaxi and Optimus, which are both still not producing any sales today.

Tesla’s valuation

In its note, BNP Paribas Exane stated that Tesla’s two AI-led programs, the Robotaxi and Optimus robots, generate “zero sales today, yet inform ~75% of our ~$1.02 trillion price target.” The research firm’s model projected a maximum bull-case valuation of $2.7 trillion through 2040, but after discounting milestone probabilities, its base-case valuation remained at $1.02 trillion.

The analysts described their outlook as optimistic toward Tesla’s AI ventures but cautioned that the stock’s “unfavorable risk/reward is clear,” adding that consensus earnings expectations for 2026 remain too high. Tesla’s market cap currently stands around $1.44 trillion with a trailing twelve-month revenue of $92.7 billion, which BNP Paribas argued does not justify Tesla’s P/E ratio of 258.59, as noted in an Investing.com report.

Tesla and its peers

BNP Paribas Exane’s report also included a comparative study of the “Magnificent Seven,” finding Tesla’s current market valuation as rather aggressive. “Our unique comparative analysis of the ‘Mag 7’ reveals the extreme nature of TSLA’s valuation, as the market implicitly says TSLA’s 2035 earnings (~55% of which will be driven by Robotaxi & Optimus, w/ zero sales now) have the same level of risk & value-appropriation as the ‘Mag 6’s’ 2026 earnings,” the firm noted.

Advertisement

The firm’s projections for Tesla include an estimated 525,000 active Robotaxis by 2030, 17 million cumulative Optimus robot deliveries by 2040 priced above $20,000 each, and more than 11 million Full Self-Driving subscriptions by 2030. Interestingly enough, these seem to be rather optimistic projections for one of the electric vehicle maker’s more bearish estimates today.

Continue Reading

Trending